Irrational exuberancePosted: August 25, 2015
The Financial Times has a problem with Apple and clearly over the years has a negative bias towards that company. Any problem related with Apple is magnified. I will demonstrate with the dozens of misleading headlines I have collected. On the other hand, significant problems in other tech companies are ignored or not reported. As examples bugs in Android that affect more than 50% of the base or the flops of products.
I will be posting previous articles with commentaries and start with yesterday article. Bad reporting or bad faith of the editors.
My comment to the article:
For some reason, the article did not include the dramatic fall from clearly overvalued stocks. Particularly, ignored Netflix (from $ 128 to $ 103) more than 20%, Amazon ( $540 to $ 494) 10%, Google, Facebook and Tesla are also down.
The quoted stocks in the article, (Apple, Intel and Microsoft) are in a different category; they are profitable and pay a dividend.
The article to be relevant should have been about the overdue realignment of the market and a bubble burst.
Savvy investors probably will change from “momentum”, “hype”, “sentiment” that created a bubble with overvalued tech stocks to companies with real value, low p/e, profits, dividends, etc.
As in the dot-com bubble, the press has been instrumental inflating the market.